Setting up an option plan for your global team can be complex, but with Cake’s Global Teams add-on issuing equity globally is easier than ever! Here’s how to get your global team set up with stock options quickly.
But first, check out our FAQs to see why global teams are choosing Cake!
One of the most frequently asked questions is: "Why can’t I just send an offer using my existing documents?"
Whenever you make an option offer to a team member in another country, the offer will be subject to that country’s local laws, including tax regulations. If you use your existing Plan Rules and Offer Letter it may not be compliant with the laws in that employee’s country. This could lead to tax liabilities, legal issues and as a result making the offer less valuable to your employee.
Benefits of using Cake’s Global package:
Issue equity to your global team in compliance with local laws
Customised option offers tailored to the recipient's country.
Best practice plans, contracts, and offer letters developed by startup lawyers.
Local tax and legal expert partnerships in each country.
Save time and avoid costly legal fees.
How to set up your Global Option Pool on Cake:
1. Get the Global teams add-on: This is available on our Growth or Pro plans. Contact the Cake team to discuss setting up stock options for your global team. Just shoot us a message through the chat in the bottom right corner and we'll get you sorted!
2. Add additional countries to your option pool: Once onboarded, you'll have your additional countries set up within your existing option pool. This will include a localised offer letters and in-app workflows for each new country alongside your existing Plan Rules.
3. Get your valuation (as required): Get your valuation through our valuation partners if required for compliance with local laws.
4. Create and send your offers: Select your employee’s country, and Cake will automatically include the required documents for that jurisdiction. Issuing equity to your global team has never been easier!
